5912 Willoughby Ave 10 Unit Apartment Building $2,900,000 ($290,000/Unit) 6.33% Cap Rate Los Angeles, CA 90038

5912 Willoughby Avenue presents an exceptional opportunity to acquire a turnkey, fully renovated 12-unit apartment community in one of Hollywood's most desirable rental neighborhoods. The property totals approximately 6,924 square feet and has recently been enhanced by the addition of two newly constructed accessory dwelling units (ADUs), increasing the property to 12 total units while creating immediate rental income and long-term appreciation potential.

Every residence has been thoughtfully renovated with modern finishes designed to attract today's renters. Interior improvements include updated kitchens with stainless steel appliances, contemporary cabinetry, granite countertops, wood-style flooring, renovated bathrooms, in-unit laundry, and individual HVAC systems. The gated community also offers secure access, on-site parking, and professionally maintained common areas. With tenants responsible for their own gas and electricity, the property benefits from an efficient operating expense structure that enhances overall cash flow.

Unlike many apartment communities within the City of Los Angeles, 5912 Willoughby Avenue is not subject to the Los Angeles Rent Stabilization Ordinance (RSO) and instead falls under California's statewide Tenant Protection Act (AB 1482). As a result, ownership currently benefits from allowable annual rent increases of up to 8.7%, subject to state law and required notice periods, providing greater income growth potential than many RSO-regulated properties.

The addition of the two newly constructed ADUs further enhances the investment by providing immediate rental upside with minimal additional capital required. Combined with attractive financing opportunities, strong in-place cash flow, and a fully renovated unit mix, the property offers investors an outstanding combination of stable current income and long-term appreciation.

Ideally situated between Larchmont Village, Melrose Avenue, and the Wilshire Country Club, residents enjoy convenient access to Paramount Studios, Netflix, Los Angeles City College, The Los Angeles Film School, and numerous employment centers throughout Hollywood. The surrounding neighborhood offers an exceptional collection of shopping, dining, entertainment, and cultural attractions that continue to drive strong tenant demand. With its turnkey condition, newly constructed ADUs, favorable rent control framework, and premier Hollywood location, 5912 Willoughby Avenue represents a rare opportunity to acquire a high-quality multifamily investment with both immediate cash flow and significant long-term upside.